Protecting Your Goals and Your Loved Ones Naming the beneficiaries of an insurance policy seems likes an easy thing to do. If a person is married, the spouse is the beneficiary. The children are often named as contingent beneficiaries. If a person is not married but has children, the children are often named as first beneficiaries. Usually, these are the people that … [Read more...] about Top 5 Mistakes When Naming Beneficiaries of Insurance Policies
Sample Case Study: Client in their mid 80’s with an estate of approximately $9,000,000. Children are three daughters in their early 60’s. Two of the three daughters have received substantial help (+/- $500,000 from the parents over the past 30 years). The third daughter has received little or no help as she has been financially successful and responsible. The … [Read more...] about Should You Distribute Your Estate Equally Among Children In Unequal Circumstances?
There are perfectly legal ways to defer capital gains tax and reduce your overall tax burden. Those of you who own highly appreciated assets such as homes, businesses, commercial and residential real estate, even high value collectibles, are often reluctant to sell that asset because of the capital gains tax and depreciation recapture costs associated with the sale. There … [Read more...] about What are the Differences Between a Deferred Sales Trust (DST) and a Charitable Remainder Trust (CRT)?
This article was originally posted on Reef Point, LLC The difference between a Delaware Statutory Trust and a Deferred Sales Trust Many people who own or would like to own investment real estate may be familiar with the abbreviation “DST.” It is entirely possible that they could be exposed to two differently described DST’s and wonder if they are one and the same, or … [Read more...] about The Tale of Two DST’s – Delaware Statutory Trust vs Deferred Sales Trust
A revocable living trust is a valuable tool to protect and preserve your assets both for you, your children and future generations. A living trust can help you avoid the unnecessary costs and delays associated with Probate and can help you minimize or avoid estate and inheritance taxes. Like any plan, your living trust should be reviewed periodically to ensure that it … [Read more...] about Is My Living Trust Obsolete?